Women on the back foot with financial planning

There are 3 factors which determine value of an investment.

Time invested Amount invested Return received

Women are on the back foot with all three.

Time

Women live longer. In the 1800’s women lived to age 33 and men to 31. Today women live to 83 years and men to 79 years. In general women outlive men by about 5%. So, woman need to plan their retirement funding more carefully. Living longer means that more provisions need to be made for those extra years.

Amount

Women earn less. Traditionally women have been left behind in the work place. Key positions have often been taken by males. I guess the reasoning has been that women take a break from employment when they have children.

Earning less translates into saving less. Until women are on the same financial footing as their male counter parts, their ability to invest more will always be a struggle.

Return

Women are more cautious. Women tend to save for a shorter time as they focus on the day to day needs of the family.

This hinders the effect that compounding has on investing. Saving in a cash account will not yield the returns found in equities over time.

Times are changing. There is a strong movement underway where women are being recognised, certainly in the political world.

Teresa May, the UK’s new Prime Minister, has made the point by being more inclusive in appointing more women to her cabinet. It’s no longer a man’s world when you see women like Christine Lagarde heading the IMF, Teresa May Prime Minister of the UK, Angela Merkel leading Germany and Hillary Clinton a possible president of the USA.

Listen to the audio below for more information...


Read More
Capetonian tackles 3300km canoe trip to raise awareness for NGO

Capetonian tackles 3300km canoe trip to raise awareness for NGO

'I’ve always had that urge to do something no one has ever done before.' - Elizma Fuller

This is why the movie 'Wonder' can teach our kids a lot

This is why the movie 'Wonder' can teach our kids a lot

'It’s a really nice story about why you shouldn’t treat people differently because they look different.' - Gayle Edmunds.

[LISTEN] This had never been done before says Professor Clarke

[LISTEN] This had never been done before says Professor Clarke

Professor Ron Clarke hosted a press conference to reveal the recent excavation of the full skeleton of Little Foot which took 20 years.

[LISTEN] 'We are dealing with an outbreak of Listeriosis' - Dr Thomas

[LISTEN] 'We are dealing with an outbreak of Listeriosis' - Dr Thomas

Head of the Centre for Enteric Diseases at the NICD Dr Thomas says that Listeriosis is problematic because it isn’t notifiable.

[LISTEN] South Africans waste 10 million tons of food every year

[LISTEN] South Africans waste 10 million tons of food every year

Founder of Agricolleges Int. Howard Blight talks about ways to reconcile the gap between those that waste, & those who don't have.

Public plans to march in an effort  to save the lives of paramedics

Public plans to march in an effort to save the lives of paramedics

Parliament needs to deploy the SANDF to escort emergency vehicles in focused areas - Noel Desfontaines, General Sec for Hospersa

Popular articles
Dr Mbuyiseni Ndlozi opens up about his thesis

Dr Mbuyiseni Ndlozi opens up about his thesis

Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

The Money Show’s Bruce Whitfield interviews Steinhoff International Chairperson Christo Wiese.

Is it normal to have a curved penis? Dr Shingai explains

Is it normal to have a curved penis? Dr Shingai explains

Urologist Dr Shingai Mutambirwa says penile curvature is only a concern if it impedes a man's ability to have penetrative sex.

Nkosazana Dlamini-Zuma's simply did not do her job as  AU chair - analyst

Nkosazana Dlamini-Zuma's simply did not do her job as AU chair - analyst

Analysts weigh-in with very different views on Dlamini Zuma's failures and achievements as chairperson of the African Union.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Bruce Whitfield interviews the remarkable Wiese (net worth R100 billion!) about how it all began and where it’s going.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?